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CU System briefs (03/03/2010)
* HERNDON, Va. (3/4/10)--Northwest FCU Foundation plans to award $90,000 in scholarships by April 15th. The foundation has two scholarship programs: the Ben DeFelice--named for Northwest FCU's longest-serving board member--and the CIRA scholarships. This year, the foundation will award 15 Ben DeFelice scholarships of $5,000 each and six $2,500 CIRA scholarships to students demonstrating leadership, dedication and commitment in the home, school or community. Since the program's first recipients were honored in 2005, the foundation has awarded $239,000 in scholarships ... * NAPERVILLE, Ill. (3/4/10)--Hawthorne CU has formed a Student Advisory Committee (SAC) to learn more about the banking experiences and needs of Generation Y consumers. The committee, with 16 local individuals ages 18-29, meets once a month to discuss issues such as what Gen Y-ers look for in a financial institution, their preferred forms of communication, the types of programs that appeal to them, and how credit unions can become more appealing to them. The group's first meeting, in February, identified the most important factors for choosing a financial institution--convenience and trust. The group said convenience translates into technology that allows them to access accounts via computers and mobile phones. They didn't want to be tricked or nickeled and dimed with fees, preferred a financial institution that looks out for their interest, and would stick with a financial institution as their needs grow. SAC members are paid a stipend per meeting, with an added bonus for perfect attendance ... * WARMINSTER, Pa. (3/4/10)--Freedom CU has launched its official Twitter page as part of an overall social networking initiative aimed at educating and adding value to its members. The Warminster, Pa.-based credit union hopes to broaden its marketing reach by informing members about credit union news, community events and product offers via tweets. To become a follower, visit PA. Freedom CU also can be found on Facebook ...

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